Associate, CRE/CMBS

Responsibilities

• Underwrite and perform credit analysis on loan collateral across all major property types within CMBS securitizations (e.g., SASB, Agency, Conduit, CRE CLO) for both new issue and seasoned transactions.
• Determine deal and loan-level risk ratings, assist in identifying risk assets across the portfolio to monitor performance and provide periodic asset management updates.
• Create and edit financial models to determine base and bear case commercial real estate (CRE) asset valuations and perform sensitivity analysis.
• Help prepare investment committee and quarterly asset review presentation materials.
• Track issuer/industry trends and macroeconomic events which could impact portfolio holdings.

Requirements

• College (BS/BA) degree in Real Estate, Finance, Accounting or Business Administration.
• 3-5 years of work experience years in a real estate, credit, or investment banking role, including real estate acquisitions, real estate credit, M&A or advisory investment banking, debt capital markets, leveraged finance, or other credit-focused roles.
• Familiarity with commercial real estate or structured finance is a plus.
• Comfortable working in a fast-paced, deadline driven environment.
• Advanced knowledge and experience with Excel-based financial modeling.
• Strong grasp of financial statement analysis, CRE debt, and valuation concepts.
• Highly analytical thinking with demonstrated talent for identifying, scrutinizing, improving, and streamlining complex work processes.
• Strong interpersonal skills: exceptional listener and communicator who effectively conveys information verbally and in writing.
• Resourceful team player who excels at building trusting relationships with clients and colleagues.
• Applicable knowledge of Microsoft Office suite.

Preferred Knowledge, Skills And Abilities

• Experience with Commercial Mortgage-Backed Securities (CMBS) investing and/or asset management.
• Experience with all major commercial real estate (CRE) property types (i.e., Office, Retail, Multifamily, Hotel, Industrial, etc.) in markets across the country.
• Solid understanding of commercial real estate transactions and industry terms.
• In-depth knowledge of third-party market data platforms (e.g., Trepp, Intex, Costar, REIS, RCA, Bloomberg).
• Familiarity working with and analyzing real estate and securitization documents (e.g., appraisals, mortgages, prospectuses, asset summary reports).